Investment Highlights
15 Year NNN Ground Lease Features 10% Rental Increases Every 5 Years Throughout the Initial Term and Options.
The Lease is signed by Outback Steakhouse of Florida, LLC, a subsidiary of Bloomin? Brands (NASDAQ: BLMN).
Densely Populated and Affluent Area: Features an Average Household Income of more than $100k and more than 106k People Residing w/in a 5-Mile Radius.
Recently opened in May 2024, features State-of-the-Art Designs using the Highest-Grade Materials available. Huge Lot of 1.58 Acres.
Outback Steakhouse is among the Leading Casual Dining Restaurants with over 1,000 locations in 23 countries.
This Site benefits from Direct Access onto Interstate-275 (67k+ VPD), a Major Beltway Providing Direct Access into Downtown Cincinnati.
Executive Summary
Prime Commercial Site Located in a Strong Retail Trade Area | Densely Populated and Affluent Area | Strong Daytime Employment Area | Adjacent to State Hwy-32 | Direct Access onto I-275 | Shadow Anchored by MeijerOhio Broker of Record: Michael Glass | 500 Neil Ave., Ste. 100 Columbus, OH 43215 | P: (614) 360-9800 | Lic. #BRK.2007005898 | Michael.Glass@MarcusMillichap.com
